“Completing a nine-month journey through regulatory approvals on multiple continents, Google has closed its acquisition of Motorola Mobility today,” Chris Ziegler reports for The Verge. “The move comes just days after Google cleared the last major hurdle — approval in China, where Motorola has had a particularly strong presence for many years — and means that the Chicago-area phone maker will stop trading on the New York Stock Exchange effective immediately.”
Ziegler reports, “Motorola’s ultimate fate remains unclear. Amidst rumors of major layoffs, we still don’t know whether Google really intends to get into the notoriously brutal handset hardware business — and if it does, whether it’ll run Moto “at arm’s length” as it has suggested in the past. Stories as recently as last month had pegged Google talking to Chinese giant Huawei about selling off the handset division, evidence that the acquisition was purely a play to beef up Android’s patent portfolio.”
Read more in the full article here.
MacDailyNews Take: “How do you deal with that?” Former Motorola Chairman and CEO Ed Zander was asked regarding Apple’s forthcoming iPhone on May 10, 2007. Zander retorted, “How do they deal with us?”
Related articles:
Google to buy Motorola Mobility for $12.5 billion to bolster patent portfolio – August 15, 2011
Beleaguered Motorola’s CEO Zander out; ‘plans to spend more time with his family’ – November 30, 2007
Re MDN’s take…
How could the industry big shot’s have been so profoundly dim, when so many of us saw immediately that everything had just changed.
How many times have we watched this story unfold during the last couple of millennium?
Really smart people looking profoundly stupid?
Yes, it’s called the Peter Principle, with millions of followers. They rise as high as their incompetence will take them, as evidenced by the sweet siren song of Steve Ballmer’s violin as Microsoft drifts further into irrelevance. History will not be kind to S Ballmer. In fact, I believe in time the image of him licking his shit-eating grin will become emblematic of him as a peter principle poster boy, right up there with Eric T Mole, Sanjay Jha, and Mark Zuckerberg.
Plus 10
http://en.wikipedia.org/wiki/Peter_Principle
10
Ain’t that easy boys…
Congratulations, Mr. Google! We hope you enjoy your…well, uh, your brick. Good luck with that…See Ya!
(scoots away with bag-o’-cash in hand)
heehee! Have fun with that Google! Your burden now.